2000 online holiday spending peaks earlier than '99

Published on December 28, 2000.

Online holiday shopping peaked during the week of Dec. 17th even though overall spending nearly doubled from 1999 levels, according to the latest study from Goldman Sachs/PC Data. Released Dec. 27, the latest figures for the week ending Dec. 17th show total online holiday spending totaled $8.7 billion since the first week of November, a 108 percent increase over the $4.2 billion consumers spent on the Web during the same period last year. The latest weekly figures indicate online consumers continued to increase spending during the week ending December 17th to $1.6 billion, up slightly over the previous week's $1.5 billion. This compares with $878 million during the comparable week in 1999. In 1999, consumers bombarded online retailers in early December; in contrast, volume surged in early November 2000.